AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-17

  1. RM
    7,550 Posts.
    that is perfectly placed but yes unusual in that it only touches one point of the chart. You would opt for the traditional placement of trend lines but as we can see not always possible. Useful compromise.

    DMI very useful indicator do not use it as a primary tool my long term chart is 30minutes historically speaking is four hours for moi LOL

    DMI one of its peculiarities is the 25 level.

    DM(s) divergences with price are very common as it trends up or down

    Review your weekly or daily charts and look for DM divergences that occur once beneath the 25 level often a harbinger of the bend in the end of the trend.

    Regards RM
    Last edited by RM: 12/01/16
 
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